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359 (07/2026) Chapter 2:Eligibility • Section 5: Financial eligibility Pension and retirement plans In ONE income from pensions and retirement are coded on the Unearned Income screen: • Unearned Income Category – Retirement • Unearned Income Type – there are two different types to choose from, select the one which is applicable to the type being reported:
Pension/Retirement Payments - Non-Taxable
Pension/Retirement Payments - Taxable 1. Pension and retirement plans include the following: (a) Benefits employees receive only when they retire. These benefits can be disbursed in lump-sum or monthly payments. (b) Benefits employees are allowed to withdraw when they leave a job before retirement. (c) The following retirement plans and annuities if purchased by a participant with funds from the plans authorized by section 401 of the Internal Revenue Code of 1986: (A) Traditional Defined-Benefit Plan. (B) Cash Balance Plan. (C) Employee Stock Ownership Plan. (D) Keogh Plan. (E) Money Purchase Pension Plan. (F) Profit-Sharing Plan. (G) Simple 401(k). (H) 401(k). (d) Retirement plans authorized by section 403 of the Internal Revenue Code of 1985 at subsections (a) or (b). (e) The following retirement plans and annuities authorized by section 408 of the Internal Revenue Code of 1986. (A) Individual Retirement Annuity. (B) Individual Retirement Account (IRA). (C) Deemed Individual Retirement Account or Annuity under a qualified employer plan. (D) Accounts established by employers and certain associations of employees. (E) Simplified Employee Pension (SEP). (F) Simple Individual Retirement Account (Simple-IRA). (G) Roth IRA. (f) The following retirement plans offered by governments, nonprofit organizations or unions: (A) 457(b) Plan. (B) 501(c)(18) Plan.